Stocks Hit New Highs As Investors Rally Around Biden Infrastructure Deal And ‘Punchbowl Of Stimulus’

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“It’s hard not to be bullish about stocks,” given the government’s promise of new spending, says one expert.

“There is no rush to remove the punchbowl of stimulus as jobless claims are still elevated and durable goods data suggests manufacturing is still working its way through bottlenecks and supply shortages,” Oanda senior market analyst Edward Moya wrote in a Thursday note. “It’s hard not to be bullish about stocks, given that the Fed will still remain accommodative a while longer and as infrastructure spending seems inevitable.

to its pandemic-era policy helped markets rally this week after Fed Chair Jerome Powell reiterated the central bank’s belief that recent price spikes are only transitory, or temporary. He also insisted the Fed doesn’t expect to raise interest rates until the labor market, which is still down 7.6 million jobs since the onset of the pandemic, significantly improves—something Fed officials expect could take until 2023.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

That's the stupidest thing ever. Not true.

If they had those faces expressed in the race as public images before Impeachment I'd have let the administration not be impeached to have not seen this view.

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